Globalization and the Polish economy: stylized facts and simulations using a Computable General Equilibrium Model

Michał Gradzewicz, Jan Hagemejer and Żółkiewski Zbigniew

MPRA Paper from University Library of Munich, Germany

Abstract: The aim of the paper is to quantitatively assess the impact of globalization on the economy of Poland in the medium term. Four channels of the impact of globalization are distinguished: (i) trade openness, (ii) productivity improvement, (iii) labour migrations, (iv) liberalization of the services sector. We employ a computable general equilibrium model with multiple industries and households and imperfect competition features. Our results show positive and quite significant effects of globalization on the performance of the Polish economy, stemming mainly from productivity improvements and liberalization of services. The sizeable expected migrations result in negative effects of globalization by decreasing growth potential and causing upward pressure on wages. At the sectoral level, globalization is particularly beneficial to some exporting sectors and skilled segments of the labour market.

Keywords: globalization; computable general equilibrium; labour migrations; trade liberalization (search for similar items in EconPapers)
JEL-codes: C68 F15 F22 (search for similar items in EconPapers)
Date: 2007-11-08
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Published in Bank i Kredyt 7/2008.39(2008): pp. 3-13

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